China has formally established a new state-owned logistics group on 6 December, according to China Central Television (CCTV), a Chinese state-owned broadcaster, aiming to strengthen domestic and global supply chains.
CCTV reports that China Logistics Group aimed to become a “global supply chain organiser” by developing international trade links and freight services, as well as cross-border e-commerce.
The new logistics group was created by the merger of China Railway Materials, China National...
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